BusinessEurope report faults Hungary for slow pace of economic reform

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Hungary got bad marks for the pace of implementing economic reforms in a report by BusinessEurope, an umbrella organisation for business associations in Europe, BusinessEurope head Markus Beyrer told journalists today.

Beyrer revealed some of the content of BusinessEurope╩╝s latest Reformbarometer report before its official release on Wednesday.

A survey of BusinessEurope members showed companies think the environment for doing business in Hungary is improving at a very slow pace. They are also concerned that wage increases do not reflect improved productivity. On a positive note, the companies said Hungary╩╝s fiscal situation had improved.

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